Circle’s IPO Expected to Price Above Market Range Due to High Demand
Circle Internet Group plans its initial public offering (IPO) with strong demand exceeding supply. Orders have surpassed available shares by over 25 times.
- Pricing expected to exceed the marketed range of $27 to $28 per share.
- 32 million shares are being offered, potentially valuing the company at approximately $7.2 billion.
- Institutional investors like BlackRock and Ark Invest may participate.
- Allocations will prioritize long-term holders.
- High interest reflects demand for crypto-related firms amid regulatory changes.
- Circle is known for issuing the USDC stablecoin.
Final pricing is anticipated after U.S. market hours on Wednesday.